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D05

DBS Group Holdings SGX:D05 Stock Report

Last Price

S$30.21

Market Cap

S$76.7b

7D

1.0%

1Y

2.1%

Updated

27 Jun, 2022

Data

Company Financials +
D05 fundamental analysis
Snowflake Score
Valuation5/6
Future Growth3/6
Past Performance4/6
Financial Health6/6
Dividends4/6

D05 Stock Overview

DBS Group Holdings Ltd provides financial products and services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally.

DBS Group Holdings Competitors

Price History & Performance

Summary of all time highs, changes and price drops for DBS Group Holdings
Historical stock prices
Current Share PriceS$30.21
52 Week HighS$37.49
52 Week LowS$29.18
Beta1.14
1 Month Change-2.86%
3 Month Change-16.01%
1 Year Change2.06%
3 Year Change13.57%
5 Year Change46.29%
Change since IPO55.72%

Recent News & Updates

Jun 13
Is Now The Time To Put DBS Group Holdings (SGX:D05) On Your Watchlist?

Is Now The Time To Put DBS Group Holdings (SGX:D05) On Your Watchlist?

For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...

Mar 24
DBS Group Holdings (SGX:D05) Will Pay A Larger Dividend Than Last Year At S$0.36

DBS Group Holdings (SGX:D05) Will Pay A Larger Dividend Than Last Year At S$0.36

DBS Group Holdings Ltd ( SGX:D05 ) will increase its dividend on the 22nd of April to S$0.36. The announced payment...

Shareholder Returns

D05SG BanksSG Market
7D1.0%0.5%0.2%
1Y2.1%-1.4%-3.4%

Return vs Industry: D05 exceeded the SG Banks industry which returned -1.4% over the past year.

Return vs Market: D05 exceeded the SG Market which returned -3.4% over the past year.

Price Volatility

Is D05's price volatile compared to industry and market?
D05 volatility
D05 Average Weekly Movement2.2%
Banks Industry Average Movement4.0%
Market Average Movement4.8%
10% most volatile stocks in SG Market11.1%
10% least volatile stocks in SG Market2.2%

Stable Share Price: D05 is less volatile than 75% of SG stocks over the past 3 months, typically moving +/- 2% a week.

Volatility Over Time: D05's weekly volatility (2%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
196833,000Piyush Guptahttps://www.dbs.com

DBS Group Holdings Ltd provides financial products and services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally. It operates through Consumer Banking/Wealth Management, Institutional Banking, Treasury Markets, and Others segments. The Consumer Banking/Wealth Management segment offers banking and related financial services, including current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products for individual customers.

DBS Group Holdings Fundamentals Summary

How do DBS Group Holdings's earnings and revenue compare to its market cap?
D05 fundamental statistics
Market CapS$76.72b
Earnings (TTM)S$6.49b
Revenue (TTM)S$14.20b

12.0x

P/E Ratio

1.4x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
D05 income statement (TTM)
RevenueS$14.20b
Cost of RevenueS$0
Gross ProfitS$14.20b
Other ExpensesS$7.71b
EarningsS$6.49b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 04, 2022

Earnings per share (EPS)2.52
Gross Margin100.00%
Net Profit Margin45.70%
Debt/Equity Ratio189.3%

How did D05 perform over the long term?

See historical performance and comparison

Dividends

4.8%

Current Dividend Yield

55%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is D05 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for D05?

Other financial metrics that can be useful for relative valuation.

D05 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.9x

Price to Earnings Ratio vs Peers

How does D05's PE Ratio compare to its peers?

D05 PE Ratio vs Peers
The above table shows the PE ratio for D05 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.3x
O39 Oversea-Chinese Banking
11x11.8%S$51.2b
U11 United Overseas Bank
11.4x13.5%S$44.5b
FAB First Abu Dhabi Bank P.J.S.C
13.7x3.1%د.إ203.4b
NAB National Australia Bank
13.1x4.7%AU$89.0b
D05 DBS Group Holdings
12x13.1%S$77.7b

Price-To-Earnings vs Peers: D05 is good value based on its Price-To-Earnings Ratio (12x) compared to the peer average (12.3x).


Price to Earnings Ratio vs Industry

How does D05's PE Ratio compare vs other companies in the Asian Banks Industry?

Price-To-Earnings vs Industry: D05 is expensive based on its Price-To-Earnings Ratio (12x) compared to the Asian Banks industry average (8.7x)


Price to Earnings Ratio vs Fair Ratio

What is D05's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

D05 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12x
Fair PE Ratio15x

Price-To-Earnings vs Fair Ratio: D05 is good value based on its Price-To-Earnings Ratio (12x) compared to the estimated Fair Price-To-Earnings Ratio (15x).


Share Price vs Fair Value

What is the Fair Price of D05 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: D05 (SGD30.21) is trading below our estimate of fair value (SGD61.22)

Significantly Below Fair Value: D05 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: D05 is good value based on its PEG Ratio (0.9x)


Discover undervalued companies

Future Growth

How is DBS Group Holdings forecast to perform in the next 1 to 3 years based on estimates from 17 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


13.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: D05's forecast earnings growth (13.1% per year) is above the savings rate (1.8%).

Earnings vs Market: D05's earnings (13.1% per year) are forecast to grow faster than the SG market (12.6% per year).

High Growth Earnings: D05's earnings are forecast to grow, but not significantly.

Revenue vs Market: D05's revenue (12.4% per year) is forecast to grow faster than the SG market (7.8% per year).

High Growth Revenue: D05's revenue (12.4% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: D05's Return on Equity is forecast to be low in 3 years time (14.2%).


Discover growth companies

Past Performance

How has DBS Group Holdings performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


7.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: D05 has high quality earnings.

Growing Profit Margin: D05's current net profit margins (45.7%) are higher than last year (43.8%).


Past Earnings Growth Analysis

Earnings Trend: D05's earnings have grown by 7.5% per year over the past 5 years.

Accelerating Growth: D05's earnings growth over the past year (19%) exceeds its 5-year average (7.5% per year).

Earnings vs Industry: D05 earnings growth over the past year (19%) underperformed the Banks industry 24%.


Return on Equity

High ROE: D05's Return on Equity (11.4%) is considered low.


Discover strong past performing companies

Financial Health

How is DBS Group Holdings's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

6/6

Financial Health Score 6/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: D05's Assets to Equity ratio (11.9x) is moderate.

Allowance for Bad Loans: D05 has a sufficient allowance for bad loans (115%).

Low Risk Liabilities: 80% of D05's liabilities are made up of primarily low risk sources of funding.

Loan Level: D05 has an appropriate level of Loans to Assets ratio (60%).

Low Risk Deposits: D05's Loans to Deposits ratio (81%) is appropriate.

Level of Bad Loans: D05 has an appropriate level of bad loans (1.3%).


Discover healthy companies

Dividend

What is DBS Group Holdings's current dividend yield, its reliability and sustainability?

Dividend Score

4/6

Dividend Score 4/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


4.77%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: D05's dividend (4.77%) is higher than the bottom 25% of dividend payers in the SG market (2.34%).

High Dividend: D05's dividend (4.77%) is low compared to the top 25% of dividend payers in the SG market (6.22%).


Stability and Growth of Payments

Stable Dividend: D05's dividend payments have been volatile in the past 10 years.

Growing Dividend: D05's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (54.6%), D05's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: D05's dividends in 3 years are forecast to be well covered by earnings (47.7% payout ratio).


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

12.3yrs

Average management tenure


CEO

Piyush Gupta (61 yo)

12.58yrs

Tenure

S$13,575,462

Compensation

Mr. Piyush Gupta has been the Chief Executive Officer of DBS Group Holdings Ltd and DBS Bank Ltd. since November 9, 2009. Mr. Gupta served as the Chief Executive Officer of South-East Asia & Pacific region...


CEO Compensation Analysis

Compensation vs Market: Piyush's total compensation ($USD9.79M) is above average for companies of similar size in the SG market ($USD5.00M).

Compensation vs Earnings: Piyush's compensation has increased by more than 20% in the past year.


Leadership Team

Experienced Management: D05's management team is seasoned and experienced (12.3 years average tenure).


Board Members

Experienced Board: D05's board of directors are considered experienced (4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

DBS Group Holdings Ltd's employee growth, exchange listings and data sources


Key Information

  • Name: DBS Group Holdings Ltd
  • Ticker: D05
  • Exchange: SGX
  • Founded: 1968
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: S$76.716b
  • Shares outstanding: 2.57b
  • Website: https://www.dbs.com

Number of Employees


Location

  • DBS Group Holdings Ltd
  • Tower 3
  • 12 Marina Boulevard
  • Singapore
  • 18982
  • Singapore

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.